Reliance on Chinese Capital Can Hurt Indonesian Economy, Says Minister

Dahlil affirmed that BKPM has facilitated various companies including Rosneft that invested Rp 211.9 trillion in Indonesia.

Other companies were Lotte Chemical with Rp 61.2 trillion of investments, Vale with Rp 39.2 trillion of investment, and Hyundai that contributed investments totaling Rp 21.7 trillion.

Read also: Construction of Hyundai Plant in Indonesia on Track at 22 Percent Completion Rate

Obstacles in reaching optimum realized investment in Indonesia came down to three factors, according to Dahlil.

First, the issue with sectoral allocation followed by an overlap between governors, regents, mayors, and the central government.

The third factor is issues on the field which has caused investors to stall their investment into Indonesia.

One example was the FDI from Hyundai that had stalled for three years which, Dahlil said, was only because the company requested a tax holiday. 

(Writer: Rully R. Ramli | Editor: Bambang P. Jatmiko, Sakina Rakhma Diah Setiawan) 

Source: https://money.kompas.com/read/2020/07/13/145239726/bkpm-ketergantungan-ri-ke-china-berdampak-buruk

https://money.kompas.com/read/2020/07/13/140219026/bos-bkpm-sebut-sudah-realisasikan-investasi-mangkrak-rp-410-triliun